On March 12, 2024, John B. Sanfilippo & Son, Inc made the decision to recall a specific batch of 8.25 oz Great Value Honey Roasted Cashews. This recall was necessary due to the presence of undeclared coconut and milk in the product. The company took action after a customer discovered coconut cashews in a package labeled as honey roasted cashews.
The affected product is described as Great Value Honey Roasted Cashews with a Best if used by date of Jul 08, 2025 GH2. It comes in an 8.25 oz plastic can with a blue wrap around label and has a UPC of 078742133348. The impacted cashews were sold in certain Walmart stores across multiple states and on Walmart.com.
Consumers are urged not to consume the product and can return it to Walmart for a full refund. Fortunately, no adverse reactions have been reported thus far.
JBSS Stock Analysis: Stable Performance Near 200-Day Moving Average
On March 12, 2024, JBSS stock closed at $103.26, marking a $0.26 increase from the previous market close, representing a 0.25% rise in the stock price. JBSS is currently trading in the middle of its 52-week range and near its 200-day simple moving average.
The fact that JBSS is trading near its 200-day moving average suggests that the stock has been relatively stable in the long term, indicating investor confidence in the company’s performance and future prospects. However, trading in the middle of its 52-week range suggests that JBSS may not be experiencing significant price fluctuations at the moment.
After-hours trading showed that the stock remained unchanged, indicating no significant movement in the stock price after the market closed. This could suggest that investors are taking a wait-and-see approach before making any further decisions regarding JBSS stock.
Overall, JBSS stock showed some positive momentum on March 12, 2024, with a slight increase in price. The stock’s stability near its 200-day moving average and lack of significant after-hours movement could indicate that investors are cautiously optimistic about the company’s performance. Investors should conduct their own research and analysis before making any investment decisions.
JBSS Stock Shows Promising Performance with Strong Financial Results for Year and Quarter
On March 12, 2024, JBSS stock showed promising performances as the company reported strong financial results for the past year and quarter. According to data from CNN Money, JBSS reported a total revenue of $999.69 million for the past year, which represents a 4.58% increase compared to the previous year. Additionally, the total revenue for the second quarter was $291.22 million, showing a significant increase of 24.4% since the previous quarter.
In terms of net income, JBSS reported a net income of $62.86 million for the past year, which remained flat compared to the previous year. However, the net income for the second quarter was $19.17 million, showing a healthy increase of 9.0% since the previous quarter.
Earnings per share (EPS) for JBSS stood at $5.40 for the past year, which remained flat compared to the previous year. However, the EPS for the second quarter was $1.64, showing a notable increase of 9.07% since the previous quarter.
Overall, JBSS stock demonstrated strong financial performance with increases in total revenue and net income compared to the previous quarter. These positive results may have contributed to the stock’s performance on March 12, 2024. Investors and analysts may view JBSS as a promising investment opportunity based on these financial indicators.
